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ECB To Keep Money Taps Wide Open Even As Recovery Takes Hold
The European Central Bank is all but certain to maintain a generous flow of stimulus when policymakers meet on…
Trade Between Nigeria, South Africa Hits $2.9b In 2020
Nigeria’s mission in South Africa issues 10,341 passports in 15 months Despite concerns about xenophobia between…
Emefiele: Local, Foreign Banks Invested $10b In Dangote Refinery
Nigerian banks and their foreign counterparts invested between $9 billion and $10 billion in the Dangote Refinery,…
Nigeria To Borrow $1.76 Bln For Security Spending –FinMin
Nigeria plans to borrow 722.53 billion naira ($1.76 billion) from domestic capital markets for additional security…
Reps Direct CBN To Urgently Check Further Devaluation Of Naira
The House of Representatives on Wednesday directed the Central Bank of Nigeria (CBN) to urgently put in…
Canada FX Debt-Canadian Dollar Slips As Greenback Broadly Gains Ground
The Canadian dollar fell against
its broadly stronger U.S. counterpart on Tuesday, but stayed
within its recent…
BDC Directors Pledge Support For Exchange Rate Stability
Bureaux De Change (BDC) directors have reiterated their commitment to ensuring stable exchange rate in…
Stock Futures Rise As Investors Await key Inflation Report
Futures contracts tied to the major U.S. stock indexes rose during the overnight session Wednesday evening as…
Cramer Likes Chevron And Pioneer Natural Resources As Energy Names
While CNBC’s Jim Cramer continues to avoid fossil fuel stocks, there are a few oil names he likes.
The “Mad…
Virtu Financial CEO Says Meme Stock Frenzy Not Solely Driven By ‘A Band Of Retail…
The frenzied activity involving so-called meme stocks is being driven by more than just retail investors, the CEO…
Two Things Could Trigger The Next Financial Crisis, Says Veteran Strategist David…
Stocks are nearing the end of a bull run and the next major market meltdown may not be far away, said a top…
Co-manager Of The Winning Oakmark Select Fund Sees Value In This Payments Stock
Oakmark Funds portfolio manager Tony Coniaris told CNBC on Wednesday that Fiserv has become one of his new…
Hot Inflation May Have Become Scorching In May And Is Expected To Hit A 28-Year…
Inflation has been warming up this spring, and it’s expected to hit historical levels for the month of May.…
More Than 2.3 Million New Stimulus Checks Have Been Sent. Here’s Who Will Get The…
More than 2.3 million new stimulus checks have been sent, representing over $4.2 billion in payments to…
Nigeria Coconut Market Worth Over $6 Billion – Minister
The Minister of State Industry Trade & Investment, Marian Katagum, has advised coconut farmers to harness the…
Buy Pound To Dollar Rate, Target 1.4585 Say MUFG
MUFG expects that the UK economic recovery will continue to gain traction with expectations of a Bank of England…
Ahead Of Next Treasury Bills Auction Scheduled For 9th Of June 2021
The Central Bank of Nigeria (CBN) will hold a Treasury Bills (T-Bills) Primary Market Auction (PMA) on the 9 th of…
World Bank Raises Nigeria’s 2021 Growth Forecast To 1.8%
Deutsche Bank: Global economic crisis imminent amid rising inflation
The World Bank has raised Nigeria’s 2021…
Oil Prices And Foreign Exchange (FX) Reserves
One can almost hear the sigh of relief coming from Abuja. Oil prices are up and the immediate threat to the…
How Graft At Seaports Fuels Nigeria’s Poor Rating On Global Corruption Index
Stakeholders in the maritime sector have lamented how corruption in Nigeria’s seaports has marred the…
Anxiety As CBN Raises Customs Exchange Rate For Cargo Clearance To N404.97/ $1
There was uneasy calm at the nation’s seaports on Tuesday following an increase in the exchange rate for cargo…
Bitcoin Fall Has Strategists Eyeing Possible Drop To $20,000
Another bad week for Bitcoin could be a precursor of more pain to come, according to strategists watching the…
FG: AfCTA To Boost Africa’s Exports By $560bn
When fully operational, the African Continental Free Trade Area (AfCFTA) agreement will boost exports in the…
Year-End Euro To Dollar Target Maintained At 1.1500 On Dollar Rebound: Nordea
Nordea: Risk of Inflation Misread on US Jobs Data, Year-End Euro to Dollar Target Maintained at 1.1500 on Dollar…
CBN Increases Forex Allocations To Banks
The Central Bank of Nigeria on Sunday announced an increase in foreign exchange allocations to banks to meet the…
Sovereign Defaults Hit Record In 2020; More Are Possible
Fitch Ratings-London-08 June 2021: The sovereign issuer-based default rate rose to a record high in 2020…
CBN’s Pro-Growth Stance, Is The Right Decision
The Central Bank of Nigeria’s Monetary Policy Committee’s recent decision to keep all policy rates unchanged, and…
Yuan Edges Higher In Thin Trade, Market Awaits U.S. Inflation Data
China's yuan firmed against the
dollar in thin trade on Wednesday, with the market's focus
locked on upcoming…
Bank Of England’s Haldane Says UK Housing Market Is On Fire
Britain's housing market is "on fire" thanks to government incentives for buyers, more demand from households with…
Nigeria Loses Billions Of Naira Over Deficient Dry Dock Facilities
Despite controlling about 70 per cent of shipping and international trade in West and Central Africa,…